Covington, Louisiana employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
21 employers in Covington, Louisiana filed health plans with 100 or more participants for plan year 2024, covering 11,755 participants. They reported $3.0M in insurance premiums and $2.7M in broker commissions and fees. Against 2023, premiums were down 26.3% and broker pay rose 21.6%.
Funding: 4 fully insured · 11 self-funded · 6 mixed. 17 of 21 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Covington
Covington employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Central Management Concepts, LLC | $1,598,829 | $386,661 | 300 | Brown & Brown |
| Gulf Management, Inc. | $1,382,759 | $119,511 | 230 | Lockton |
| SCP Distributors, LLC | $0 | $393,578 | 4,842 | Lockton |
| CGB Enterprises, Inc. | $0 | $23,177 | 1,601 | HUB International |
| Hornbeck Offshore Operators, LLC | $0 | $203,395 | 1,001 | HUB International |
| Veriforce, LLC | $0 | $143,841 | 431 | Ross and Yerger Insurance Inc |
| Fairway Medical Center, dba Avala | $0 | $179,442 | 354 | Gallagher |
| S & W Payroll, LLC | $0 | $52,266 | 325 | Brown and Noyes, LLC |
| Loop LLC | $0 | $220,584 | 306 | Cadence Insurance, Inc. |
| Zen-Noh Grain Corporation | $0 | $3,976 | 289 | HUB International |
| Louisiana Organ Procurement Agency | $0 | $106,520 | 263 | Marsh McLennan Agency |
| Rain Cii Carbon LLC | $0 | $14,623 | 245 | Emerson Rogers LLC |
| Globalstar, Inc. | $0 | $170,050 | 244 | HUB International |
| Well Werks Energy, LLC | $0 | $101,546 | 244 | Gilsbar Group Benefits |
| Cooper Consolidated, LLC | $0 | $2,417 | 199 | HUB International |
| Alfasigma USA, Inc. | $0 | $45,817 | 186 | HUB International |
| Llog Exploration Company, L.L.C. | $0 | $341,797 | 183 | Felicia Blanchard |
| Resource Bank | $0 | $110,337 | 153 | Gilsbar Group Benefits LLC |
| Gulf Crane Services, Inc. | $0 | $45,737 | 144 | Benpro, LLC |
| Stirling Properties, LLC | $0 | $18,646 | 108 | Gilsbar |
| Christwood | $0 | $20,065 | 107 | Benpro, LLC |
Source: DOL Form 5500 Schedule A, plan year 2024; employers are grouped by the sponsor's mailing city as filed. Self-funded employers show only stop-loss and ancillary premium.
Who gets paid
Commissions and fees reported by Covington employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| HUB International | $432,503 | 8 |
| Lockton | $405,015 | 2 |
| Felicia Blanchard | $341,797 | 1 |
| Brown & Brown | $220,642 | 2 |
| Cadence Insurance Inc | $191,639 | 1 |
| Gallagher | $144,827 | 4 |
| Ross and Yerger Insurance Inc | $143,841 | 1 |
| Gilsbar Group Benefits, LLC | $137,433 | 3 |
| Benpro, LLC | $121,845 | 4 |
| Optavise, LLC | $91,226 | 1 |
Largest medical carriers
Medical premium written for these employers.
Covington against Louisiana and the U.S.
Medians over the same definitions on every BenefitsLedger page: commission rate on commission-paying, fully insured medical plans; broker pay per employer that disclosed any; medical premium per covered person.
| Covington | Louisiana | United States | |
|---|---|---|---|
| Employer plans | 21 | 623 | 58,547 |
| Median commission rate | n/a | 5.0% | 3.8% |
| Middle half of rates | n/a | 3.5% – 5.5% | 2.7% – 5.0% |
| Median broker pay per employer | $106,520 | $92,702 | $72,628 |
| Medical premium per covered person | n/a | $7,393 | $7,274 |
| Plans reporting no commission | 0 | 9 | 933 |
Year over year. In plan year 2023, 21 Covington employers reported $4.0M in premiums and $2.2M in broker pay for 11,243 participants; in 2024 it was $3.0M and $2.7M for 11,755 participants (premiums −26.3%, broker pay +21.6%).
Source: DOL Form 5500 and Schedule A, plan years 2024 and 2023, employer health plans with 100 or more participants; built October 24, 2026. Medians need at least 10 rated plans to be shown for a city. Methodology.
How much do Covington employers pay health insurance brokers?
21 Covington employers reported $2,703,986 in broker commissions and fees on their 2024 Form 5500 filings, 21 of them disclosing at least some compensation. Too few fully insured medical plans in Covington reported premium to compute a stable commission rate; the Louisiana median is 5.0% and the U.S. median is 3.8%. In dollars, the median Covington employer that disclosed broker pay reported $106,520.
Which Covington employers have the largest health plans?
By insurance premium reported for 2024, Central Management Concepts, LLC ($1.6M), Gulf Management, Inc. ($1.4M), SCP Distributors, LLC ($0) lead. 21 Covington employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Covington?
By compensation reported by Covington employers, the largest brokers are HUB International ($432,503, 8 plans), Lockton ($405,015, 2 plans), Felicia Blanchard ($341,797, 1 plans). By medical premium, the largest carriers are Blue Cross and Blue Shield of Louisiana, Colonial Life & Accident Insurance Company, Unitedhealthcare Insurance Company.
Are Covington employer health plans self-funded or fully insured?
Of 21 Covington employer plans, 4 are fully insured, 11 are self-funded and 6 mix insured and self-funded coverage. Self-funded plans report only stop-loss and ancillary contracts on Schedule A, so their premium and broker pay understate total spend.
Other cities in Louisiana
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